Drewry: charter rates will continue upward trend

Drewry’s Multipurpose Time Charter Index confirms that MPV-operators are experiencing an upward trend in charter rates to beyond pre-pandemic levels. The conditions are expected to at least last as long as the disruptions in the container sector, which several...
Covid-19 drives up ship operating costs

Covid-19 drives up ship operating costs

Vessel operating costs have risen at their fastest pace in over a decade this year due to higher insurance cover premiums and Covid-19 related expenses. Yet, they are expected to moderate in subsequent years as pandemic related spend unwinds. This is reported in the...